Zephyrus Wing Energies Ltd Stock Forecast
Green day on Thursday for Zephyrus Wing Energies Ltd stock after gaining 0.143%
(Updated on Jun 27, 2024)
The Zephyrus Wing Energies Ltd stock price gained 0.143% on the last trading day (Thursday, 27th Jun 2024), rising from ₪1,394.00 to ₪1,396.00. During the last trading day the stock fluctuated 2.26% from a day low at ₪1,370.00 to a day high of ₪1,401.00. The price has fallen in 6 of the last 10 days and is down by -8.34% for this period. Volume fell on the last day by -2 thousand shares and in total, 1 thousand shares were bought and sold for approximately ₪1.42 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Zephyrus Wing Energies Ltd stock with a 90% probability to be traded between ₪1,259.06 and ₪1,510.20 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ZPRS.TA Signals & Forecast
There are few to no technical positive signals at the moment. The Zephyrus Wing Energies Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₪1,405.43 and ₪1,450.31. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -9.00%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Zephyrus Wing Energies Ltd stock
Zephyrus Wing Energies Ltd finds support from accumulated volume at ₪1,368.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₪31.00 between high and low, or 2.26%. For the last week the stock has had daily average volatility of 2.46%.
Zephyrus Wing Energies Ltd is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ZPRS.TA) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Zephyrus Wing Energies Ltd to open at ₪1,389.00, and during the day (based on 14 day Average True Range), to move between ₪1,332.03 and ₪1,459.97, which gives a possible trading interval of +/-₪63.97 (+/-4.58%) up or down from last closing price. If Zephyrus Wing Energies Ltd takes out the full calculated possible swing range there will be an estimated 9.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₪1,399.00 (0.21%) than the support at ₪1,368.00 (2.01%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Zephyrus Wing Energies Ltd stock A Buy?
Zephyrus Wing Energies Ltd holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.870 Sell Candidate Unchanged
Predicted Opening Price for Zephyrus Wing Energies Ltd of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| ₪1,389.00 ( 0.501%) | ₪1,396.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZPRS.TA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,420.00 | 1.72% |
| R2 | 1,408.16 | 0.87% |
| R1 | 1,400.84 | 0.347% |
| Price | 1,396.00 | |
| S1 | 1,377.16 | -1.35% |
| S2 | 1,369.84 | -1.87% |
| S3 | 1,358.00 | -2.72% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,454.00 | 4.15% |
| R2 | 1,441.00 | 3.22% |
| R1 | 1,399.00 | 0.215% |
| Price | 1,396.00 | |
| S1 | 1,368.00 | -2.01% |
| S2 | 1,336.00 | -4.30% |
| S3 | 1,289.00 | -7.66% |
FAQ
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